STO(002468)2024-10-31 12:56Group 1: Business Performance - In the first three quarters of 2024, the company achieved a business volume of 161.09 billion pieces, a year-on-year increase of 30.8%, with a market share of 13.02%, up by 0.87 percentage points [2] - The company's revenue for the first three quarters reached 334.9 billion yuan, a year-on-year growth of 14.2%, with third-quarter revenue of 119.2 billion yuan, up 16.3% [2] - The net profit attributable to shareholders for the first three quarters was 6.52 billion yuan, a significant increase of 195.2% year-on-year [2] Group 2: Cost Management - The operating cost for the first three quarters was 315.4 billion yuan, reflecting a year-on-year increase of 12.0%, with a third-quarter cost of 112.7 billion yuan, up 13.5% [2] - The average cost per piece for express delivery in the third quarter was 1.91 yuan, showing a nearly 7% decrease year-on-year [3] Group 3: Market Trends and Strategies - The online retail sales of physical goods in China increased by 7.9% year-on-year in the first three quarters, contributing to the strong growth of the express delivery sector [1] - The company is focusing on enhancing service quality and optimizing logistics through technology and operational improvements, which is expected to sustain future growth [3] Group 4: Seasonal Performance - During the Double Eleven promotional period, express delivery volume surged, with approximately 19.2 billion packages collected from October 21 to 23, a year-on-year increase of 48.7% [4] - The average price adjustments during peak seasons are expected to stabilize and potentially increase due to rising demand and cost factors [4]